2.11

Terms and Conditions of an Authorisation

Every Authorisation shall, inter alia, include following terms and conditions (as applicable), in addition to such other conditions as may be specified:

(a) Description, quantity and value of goods;

(b) Actual User condition (as defined in Chapter 9);

(c) Export Obligation;

(d) Minimum Value addition to be achieved;

(e) Minimum export/import price;

(f) Bank guarantee/ Legal undertaking / Bond with Customs Authority / RA (as in para 2. 35 of FTP).

(g) Validity period of import/export as specified in Handbook of Procedures.

(Above Para 2.11 has been amended vide NTF. NO. 08/2015, DT. 04/06/2015)

[OLD- 2.11

Terms and Conditions of an Authorisation

Every Authorisation shall, inter alia, include such terms and conditions as may be specified by RA along with the following:

(a) Description, quantity and value of goods;

(b) Actual User condition (as defined in Chapter 9);

(c) Export Obligation;

(d) Minimum Value addition to be achieved;

(e) Minimum export/import price;

(f) Bank guarantee/ Legal undertaking / Bond with Customs Authority/RA (as in para 2.35 of FTP).

(g) Validity period of import/export as specified in Handbook of Procedures. ]